Analysis of today's market

During Wednesday's U.S. trading session, gold prices rose. The decline in U.S. Treasury yields and expectations that major central banks will cut interest rates amid soft inflation readings have recently contributed to the strengthening of both the U.S. dollar and gold. This influenced bond yields and boosted low-yield metals. At the time of writing, gold was trading at $2,674, up 0.46%.

Market sentiment has improved lately, as portrayed by three of the four US equity indices trading in the green. US Treasury bond yields had extended their fall, a tailwind for Bullion prices, which hit $2,685, the year-to-date (YTD) high, yet lacked the strength to push prices toward $2,700

Gold opened at around 2677 and rose to around 2679 at the highest and around 2676 at the lowest before press time.Pay attention to the resistance of 2680-2690-2700. If it fails to break through, it will test 2640-2630-2620